Company Registration No. 05127936 (England and Wales)
The Car Electrical Centre Limited
Unaudited accounts
for the year ended 31 May 2025
The Car Electrical Centre Limited
Unaudited accounts
Contents
The Car Electrical Centre Limited
Company Information
for the year ended 31 May 2025
Directors
Mr S Roberts
Mrs S Roberts
Mrs A Lake
Company Number
05127936 (England and Wales)
Registered Office
Flat 5
2 Courts Hill Road
Haslemere
Surrey
GU27 2EG
England
Accountants
Ashby & Company
Flat 5
2 Courts Hill Road
Haslemere
Surrey
GU27 2EG
The Car Electrical Centre Limited
Statement of financial position
as at 31 May 2025
Tangible assets
19,901
25,976
Cash at bank and in hand
137,986
110,705
Creditors: amounts falling due within one year
(67,140)
(104,165)
Net current assets
364,622
334,478
Total assets less current liabilities
384,523
360,454
Provisions for liabilities
Deferred tax
(3,813)
(5,332)
Net assets
380,710
355,122
Called up share capital
100
100
Profit and loss account
380,610
355,022
Shareholders' funds
380,710
355,122
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
Mr S Roberts
Director
Company Registration No. 05127936
The Car Electrical Centre Limited
Notes to the Accounts
for the year ended 31 May 2025
The Car Electrical Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 05127936. The registered office is Flat 5, 2 Courts Hill Road, Haslemere, Surrey, GU27 2EG, England.
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover is measured at the fair value of the consideration received or receivable for the provision of motor vehicle repair services in the normal course of business. Turnover is shown net of VAT, returns, rebates and trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% reducing balance
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Basic financial instruments are recognised at amortised cost.
The Car Electrical Centre Limited
Notes to the Accounts
for the year ended 31 May 2025
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
74,122
9,600
2,962
86,684
At 31 May 2025
78,275
9,600
2,962
90,837
At 1 June 2024
54,014
6,246
448
60,708
Charge for the year
8,797
839
592
10,228
At 31 May 2025
62,811
7,085
1,040
70,936
At 31 May 2025
15,464
2,515
1,922
19,901
At 31 May 2024
20,108
3,354
2,514
25,976
Amounts falling due within one year
Other debtors
276,281
308,013
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
32,748
43,660
Taxes and social security
4,009
2,939
Other creditors
30,383
57,566
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
During the year the company paid rent at a market rate of £42,500 (2024: £33,500) for commercial property used in the company's normal course of business. The commercial property is owned by a company under common control.
At the balance sheet date the company was owed £264,610 (2024: £295,562) by a company under company control. The loan is unsecured, interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 5 (2024: 7).